Overview

• Intel will delay new chip factories in Germany and Poland for at least two years, focusing instead on U.S. projects.
• The company will make its foundry unit an independent subsidiary to attract more customers and optimize capital structure.
• Intel has secured a multi-year, multibillion-dollar deal with Amazon Web Services to produce custom AI chips.
• The restructuring plan includes slashing 15,000 jobs and reducing global real estate by two-thirds.
• Intel's turnaround strategy aims to strengthen its x86 product line and advance its AI initiatives amidst tough market competition.